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Quarterly report

Dubai property market — Q1 2014

Every figure below comes from sale transactions registered with the Dubai Land Department and dated inside Q1 2014. Mortgages and gifts are excluded; the register's own record of a sale is the only source.

Sales15,498Registered in Q1 2014up20.5% vs a year earlier
Total valueAED 37.32BRegistered in Q1 2014Across 122 communities
Price per sqftAED 958/sqftMedian across Q1 2014up8.1% vs a year earlier
Sale priceAED 1.37MMedian across Q1 201412% sold off-plan

In a sentence

The Land Department registered 15,498 property sales in Q1 2014, worth AED 37.32B in total, across 122 communities. That is 21% more than the same quarter a year earlier.

The median sale was AED 1,370,100 at AED 958/sqft, 8.1% above the same quarter last year. 12% of sales were off-plan.

Business Bay was the busiest community with 1,837 registered sales, while Burj Khalifa took the most money at AED 4.72B.

Against the previous quarter, Dubai Investment Park Second rose 116% to 289 sales, while Al Yelayiss 1 fell 90% to 190.

Sales by quarter

Price per square foot by quarter

Median price per sqft

Where the sales were

The fifteen communities with the most registered sales in Q1 2014, and how each moved against the quarter before.

CommunitySalesvs priorTotal valueMedian pricePrice/sqftOff-plan
Business Bay1,837+23.8%AED 3.30BAED 1.34MAED 1,288/sqft16%
Burj Khalifa1,522-48.6%AED 4.72BAED 2.13MAED 2,227/sqft23%
Marsa Dubai1,513-27.1%AED 3.29BAED 1.70MAED 1,513/sqft4%
Al Thanyah Fifth1,470-27.9%AED 3.02BAED 1.35MAED 844/sqft1%
Al Barsha South Fourth1,177+21.6%AED 1.80BAED 853KAED 750/sqft13%
Al Hebiah Fourth1,003+41.9%AED 961.53MAED 700KAED 981/sqft18%
Al Warsan First883-3.2%AED 557.38MAED 430KAED 723/sqft1%
Al Hebiah Third584+52.1%AED 1.66BAED 2.58MAED 799/sqft21%
Al Hebiah Fifth556+60.2%AED 454.15MAED 775KAED 870/sqft0%
Palm Jumeirah489-13.8%AED 2.17BAED 2.92MAED 1,676/sqft16%
Al Thanyah Third399-50.9%AED 1.04BAED 1.71MAED 1,493/sqft24%
Nadd Hessa333-39.0%AED 335.65MAED 650KAED 790/sqft10%
Jabal Ali First318-29.3%AED 375.01MAED 685KAED 820/sqft7%
Me'Aisem First297-54.9%AED 397.21MAED 496KAED 843/sqft37%
Al Hebiah First292-60.6%AED 459.19MAED 1.18MAED 815/sqft0%

Where the money went

Ranked by total registered value rather than count — a different list, and the one that shows where capital actually landed.

CommunityValueSales
Burj KhalifaAED 4.72B1,522
Business BayAED 3.30B1,837
Marsa DubaiAED 3.29B1,513
Al Thanyah FifthAED 3.02B1,470
Palm JumeirahAED 2.17B489
Al Barsha South FourthAED 1.80B1,177
Al Hebiah ThirdAED 1.66B584
Jumeirah FirstAED 1.33B221
Al Thanyah ThirdAED 1.04B399
Al Hebiah FourthAED 961.53M1,003

Biggest movers

Change in registered sales against the previous quarter. Limited to communities with at least 50 sales in both — below that a swing is noise.

CommunitySalesChange
Dubai Investment Park Second289+115.7%
Al Yelayiss 1190-90.1%
Al Barsha South Fifth137+73.4%
Al Hebiah First292-60.6%
Al Hebiah Fifth556+60.2%
Me'Aisem First297-54.9%
Al Barshaa South Third63-52.3%
Al Hebiah Third584+52.1%
Al Thanyah Third399-50.9%
Burj Khalifa1,522-48.6%

The largest sales of Q1 2014

Each row links to its own register record, so any figure in this report can be traced to the transactions behind it.

Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
13 Feb 2014Al Thanyah Third—LandExisting PropertiesNot specified37,478 sqftAED 6,671/sqftAED 250,000,000
3 Feb 2014Al Wasl—BuildingExisting PropertiesNot specified30,000 sqftAED 7,000/sqftAED 210,000,000
16 Jan 2014Burj Khalifa—DownTown DubaiLandExisting PropertiesNot specified71,169 sqftAED 2,258/sqftAED 160,672,875
10 Feb 2014Al Nahda First—BuildingExisting PropertiesNot specified25,000 sqftAED 5,800/sqftAED 145,000,000
23 Jan 2014Al Nahda First—BuildingExisting PropertiesNot specified25,000 sqftAED 5,760/sqftAED 144,000,000
10 Feb 2014Al Nahda First—BuildingExisting PropertiesNot specified25,000 sqftAED 5,600/sqftAED 140,000,000
10 Mar 2014Al Goze Industrial Second—LandExisting PropertiesNot specified723,106 sqftAED 180/sqftAED 130,500,000
18 Mar 2014Marsa Dubai—TECOM Site DLandExisting PropertiesNot specified110,744 sqftAED 1,087/sqftAED 120,393,000
20 Mar 2014Business BayMAJESTINEBusiness BayBuildingExisting PropertiesNot specified75,425 sqftAED 1,559/sqftAED 117,600,000
4 Mar 2014Burj Khalifa—Business BayLandExisting PropertiesNot specified80,180 sqftAED 1,400/sqftAED 112,252,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.